Mark Zuckerberg must be tearing at his hoodie after Facebook's shares dipped following the release of what are, on the face of it, very respectable quarterly results for his company.
Revenues for Facebook's fourth quarter of fiscal 2012 stand at $1.585bn, up 40 per cent on this time last year, with advertising up 41 per cent …

Microsoft's Windows RT-based Surface tablet - designed to compete with the full sized Apple iPad - has a larger profit margin than its rival, a teardown analysis has revealed.
The Surface, with its minimum 32GB of Flash storage and optional Touch Cover, has a bill of materials (BoM) that totals $271. Chuck in an additional $13 …

In the early '70s to mid-'80s, Rank Audio Visual – a division of the Rank Organisation – was a large distributor of audio visual and photographic equipment, theatre lighting and 8, 16 and 35mm film. It later progressed to the distribution of pre-recorded video cassettes. But what does a man with a gong have to do with the …

The UK's media regulator Ofcom has told Sky it should offer to sell rights to football games and Hollywood films to other broadcasters at a fair price.
The investigation into pay TV was begun after complaints were made by BT, Virgin, Setanta and Top Up TV. Ofcom reckons that consumers make their choices of which service to go …

Novell increased its estimates for full year revenue yesterday to between $940 and $980m, and said margins for the year were also improving.
Reporting third quarter results, Novell said it brought in revenues of $245m, compared to $237m for the third quarter of 2007. Income from operations was $1m compared to a loss of $10m …

Virgin Media's recent move to push broadband to the centre of its offering is paying off. The firm announced strong underlying profits today and said it expects its forthcoming 50Mbit/s network upgrade to further distinguish it as a premium/expensive ISP.
Some 19,500 net customers left the firm in the three months to 30 June, …

DVD and CD distributor S Gold & Sons has gone into administration, throwing 120 people out of work.
The Walthamstow-based firm actually ceased trading some time ago, but administrators David Gilbert and Martha Thompson, partners at BDO Stoy Hayward LLP, were appointed joint administrators last week.
The firm employed 142 …

SAP weathered the intensifying economic storm to post solid second quarter results this morning that showed the German business software giant beating market expectations.
The tricky acquisition and integration of Business Objects depressed net profits 9 per cent compared to a year earlier, at €408m. That's a softer blow than …

There'll be long faces at Sony Ericsson this evening, with the gloomy news that the mobemeisters is cutting 2,000 jobs after pulling in just €6m in profits in the last three months.
This is a massive slide on the €220m the company made during the same period in 2007, despite shipping almost as many phones.
In their second …

Computacenter issued a not entirely depressing trading statement this morning, saying business had picked up after a grim start to its financial year.
The systems integrator issued a profit warning for its first quarter back in May. But this morning it said organic growth in the first was its “strongest for a number of years …

eBay Australia's attempt to force all sellers to use PayPal is failing to win over users and still faces a competition investigation.
The online auction house has suspended introduction of the scheme while the Australian Competition and Consumer Commission investigates it. The ACCC has already said that it is concerned that …

Nokia has paid €264m for outright ownership of Symbian, which sounds like a lot until you realise that's about what the Finnish giant will owe in royalty payments over the next 8 2* years, so the question becomes not why they bought Symbian, but why they are letting everyone else share the goodies.
It's hard to make money …

The chief executive of Infineon, Dr Wolfgang Ziebart, has resigned from the company because of an inability to agree strategy with the company's board of directors.
Infineon's chairman Max Dietrich Kley thanked Ziebart for his work. Kley said: "We would like to thank Mr. Ziebart for his efforts and merits. He took over the …

Updated
Hewlett Packard has bought EDS for $13.9bn, doubling its services business at a stroke.
The Silicon Valley giant will pay $25 a share for Texas-based EDS, over 25 per cent more than the services firm's shares were trading at when news of the deal first leaked yesterday.
It will finance the deal through a combination of cash …